2022
Flag  
GDP
$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH
64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 186
2022
Flag
GDP PC 
$13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH
85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 186

About

Bulgaria-Austria Trade: In 2022, Bulgaria exported $989M to Austria. The main products that Bulgaria exported to Austria were Motorcycles and cycles ($112M), Other Engines ($91.4M), and Industrial Fatty Acids, Oils and Alcohols ($86.3M). Over the past 5 years the exports of Bulgaria to Austria have increased at an annualized rate of 11.1%, from $584M in 2017 to $989M in 2022.

In 2020, Bulgaria exported services to Austria worth $194M, with Computer and information services ($50.7M), Other business services ($41.2M), and Transportation ($38.3M) being the largest in terms of value.

Austria-Bulgaria Trade: In 2022, Austria exported $1.23B to Bulgaria. The main products that Austria exported to Bulgaria were Cars ($116M), Packaged Medicaments ($91.8M), and Tractors ($35.5M). Over the past 5 years the exports of Austria to Bulgaria have increased at an annualized rate of 9.13%,  from $797M in 2017 to $1.23B in 2022.

In 2020, Austria exported services to Bulgaria worth $276M, with Transportation ($69.7M), Other business services ($62.8M), and Computer and information services ($48M) being the largest in terms of value.

Comparison: In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $989M to Austria. The main products exported from Bulgaria to Austria were Motorcycles and cycles ($112M), Other Engines ($91.4M), and Industrial Fatty Acids, Oils and Alcohols ($86.3M). During the last 5 years the exports of Bulgaria to Austria have increased at an annualized rate of 11.1%, from $584M in 2017 to $989M in 2022.

In 2017, Austria exported $1.23B to Bulgaria. The main products exported from Austria to Bulgaria were Cars ($116M), Packaged Medicaments ($91.8M), and Tractors ($35.5M). During the last 5 years the exports of Austria to Bulgaria have increased at an annualized rate of 9.13%, from $797M in 2022 to $1.23B in 2017.

Exports from Bulgaria (Flag) to Austria (Flag) (2022)

Exports from Austria (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Austria (Flag)

Bulgaria Exports

Austria Exports

Market Competitiveness

Color
Bulgaria
Top Destination
Germany$6.91B
Austria
Top Destination
Germany$57.7B

This map shows whether countries import more from Bulgaria or Austria. Each country is colored based on the difference in imports they receive from Bulgaria and Austria or the difference in the growth in imports.

In 2022, countries that imported more from Bulgaria than Austria included Romania ($6.55B), Greece ($2.93B), and Turkey ($2.95B).

In 2022, countries that imported more from Austria than Bulgaria included Germany ($57.7B), United States ($14.4B), and Switzerland ($11.2B).

Difference in imports from Austria (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - Austria

Flow
Scale

This chart compares trade between Bulgaria and Austria by product, considering products traded by both, Bulgaria and Austria.

During 2022, Bulgaria had a large net trade with Austria in the exports of Machines ($317M), Transportation ($140M), and Metals ($134M).

During 2017, Austria had a large net trade with Bulgaria in the exports of Machines ($293M), Transportation ($190M), and Chemical Products ($181M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Austria+$9.66MPackaged Medicaments
Top Product Potential Austria Bulgaria+$12.7MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Bulgaria exported services to Austria worth $194M, with Computer and information services ($50.7M), Other business services ($41.2M), and Transportation ($38.3M) being the largest in terms of value.

In 2020, Austria exported services to Bulgaria worth $276M, with Transportation ($69.7M), Other business services ($62.8M), and Computer and information services ($48M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Bulgaria (Flag) to Austria (Flag) (2020)

Services Exports from Austria (Flag) to Bulgaria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bulgaria and Austria. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over Bulgaria.

Product Space of Bulgaria (Flag) and Austria (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with